RBI’s New Scheme for NRIs

Investment Opportunity for NRI

RBI: In a groundbreaking move aimed at fostering wider non-resident involvement in sustainable investments, the Reserve Bank of India (RBI) is poised to introduce a pioneering scheme facilitating investment and trading in Sovereign Green Bonds incorporative to the International Financial Services Centre (IFSC).

This significant announcement came during RBI Governor Shaktikanta Das’s presentation on the outcome of the monetary policy review.

RBI Policy….

Governor Das emphasized the RBI’s commitment to broadening non-resident participation in green investments.

Once implemented, this innovative scheme will streamline the process for non-residents to invest in Sovereign Green Bonds within the IFSC.

This underscores the RBI’s proactive stance towards sustainable finance and aligns India’s financial ecosystem with global sustainability goals.

Additionally, Governor Das unveiled another significant development aimed at empowering Small Finance Banks (SFBs).

The RBI has decided to permit SFBs to utilize other permissible rupee interest derivative products, enhancing their operational flexibility and resilience.

This strategic decision will enable SFBs to effectively hedge against interest rate risks, fortifying their financial stability.

The RBI’s initiatives underscore its unwavering commitment to sustainable finance and global environmental stewardship.

Furthermore, efforts aimed at empowering SFBs and enhancing retail investor participation through innovative digital solutions demonstrate the RBI’s proactive approach towards fostering financial inclusion and stability.

As India progresses towards economic resilience and sustainable growth, such forward-thinking initiatives play a crucial role in shaping the future of its financial landscape.

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